7 January 2013 – European Carbon Permits Climb Most in a Month After Auction – Bloomberg

Some emitters may be buying to cover shortages, Daniel Rossetto, managing director of Climate Mundial Ltd., a London- based consulting company that works in carbon markets, said today by e-mail. Unlike the previous four years, factories and power stations can’t use allowances distributed this year for compliance against 2012 emissions, Rossetto said. “Installations will not be allowed to borrow from 2013 allocations,” he said. The third phase of the market runs from this year through 2020. After the turn of the year, facilities will probably be getting a clear idea of their 2012 needs, he said.